Basis: Latest reported fiscal quarter. Source: stored company filings and market data; unavailable inputs remain N/A.
Is the FCF payout ratio high or low?
The FCF payout ratio of 0.22% is 100% below its 4-year average of 108.80%, near the low end of its 4-year range (0.20%–512.73%).
As of the fiscal period ended Thursday, April 30, 2026. 59.39% below its 12-month average of 0.53%.
Rolling trailing-12-month FCF payout ratio sampled each quarter; raw quarterly payout is intentionally not charted. Q3 FY2026 (2026-04-30): 0.22%.
FCF PAYOUT RATIO
0.22%
FCF PAYOUT RATIO AVG TTM
0.53%
FCF PAYOUT RATIO AVG 3Y
0.53%
FCF PAYOUT RATIO AVG 5Y
108.80%
FCF PAYOUT RATIO AVG 10Y
28.68%
FCF PAYOUT RATIO AVG 15Y
42.47%
FCF PAYOUT RATIO AVG 20Y
N/A
CURRENT VS TTM AVG
-59.39%
CURRENT VS 3Y AVG
-59.39%
CURRENT VS 5Y AVG
-99.80%
CURRENT VS 10Y AVG
-99.25%
CURRENT VS 15Y AVG
-99.49%
CURRENT VS 20Y AVG
N/A
FCF Payout Ratio TTM
0.2%
Earnings Payout Ratio
N/A
Dividend Yield
N/A
FCF Yield
40.65%
| Year | Free Cash Flow | Dividends Paid | FCF Payout Ratio |
|---|---|---|---|
| 2025 | ($16.86M) | $0.16M | N/A (Loss) |
| 2024 | ($67.58M) | $0.27M | N/A (Loss) |
| 2023 | ($22.74M) | $8.66M | N/A (Loss) |
FCF Payout Ratio measures trailing dividends paid as a percentage of trailing free cash flow. Unlike earnings-based payout, it compares dividends with cash generated after capital expenditures.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
| DATE | FCF PAYOUT RATIO |
|---|---|
| 2026-04-30 | 0.22% |
| 2026-01-31 | 0.20% |
| 2025-10-31 | 1.17% |
| 2022-04-30 | 512.73% |
| 2022-01-31 | 97.56% |
| 2021-10-31 | 40.92% |
| 2020-07-31 | 22.00% |
| 2020-04-30 | 21.48% |
| 2020-01-31 | 12.52% |
| 2019-10-31 | 12.45% |
| 2019-07-31 | 16.52% |
| 2019-04-30 | 15.27% |
| 2019-01-31 | 21.97% |
| 2018-10-31 | 47.18% |
| 2018-07-31 | 22.87% |
| 2018-04-30 | 20.55% |
| 2018-01-31 | 21.81% |
| 2017-10-31 | 24.36% |
| 2017-07-31 | 32.26% |
| 2017-04-30 | 56.95% |
| 2017-01-31 | 278.10% |
| 2016-10-31 | 208.23% |
| 2016-07-31 | 208.60% |
| 2016-04-30 | 85.31% |
| 2016-01-31 | 38.29% |
| 2015-10-31 | 68.73% |
| 2015-07-31 | 105.78% |
| 2015-04-30 | 68.96% |
| 2015-01-31 | 85.42% |
| 2014-10-31 | 71.81% |
| 2014-07-31 | 62.99% |
| 2014-04-30 | 68.12% |
| 2014-01-31 | 67.85% |
| 2013-10-31 | 96.70% |
| 2013-07-31 | 58.36% |
| 2013-04-30 | 42.18% |
| 2013-01-31 | 52.15% |
| 2012-10-31 | 35.43% |
| 2012-07-31 | 48.06% |
| 2012-04-30 | 61.99% |
| 2012-01-31 | 43.93% |
| 2011-10-31 | 27.34% |
| 2011-07-31 | 14.66% |
| 2011-04-30 | 6.51% |
| 2022 |
| ($17.62M) |
| $11.05M |
| N/A (Loss) |
| 2021 | ($56.67M) | $10.33M | N/A (Loss) |
| 2020 | $45.54M | $10.02M | 22.0% |
| 2019 | $59.25M | $9.79M | 16.5% |
| 2018 | $41.70M | $9.54M | 22.9% |
| 2017 | $58.51M | $18.87M | 32.3% |
| 2016 | $9.30M | $19.41M | 208.6% |
| 2015 | $18.36M | $19.43M | 105.8% |
| 2014 | $29.65M | $18.68M | 63.0% |
| 2013 | $32.35M | $18.88M | 58.4% |
| 2012 | $47.08M | $22.63M | 48.1% |
| 2011 | $90.17M | $20.14M | 22.3% |
| 2010 | $117.00M | $0 | 0.0% |
| 2009 | $74.95M | $0 | 0.0% |
| 2008 | $63.52M | $0 | 0.0% |
| 2007 | $77.12M | $0 | 0.0% |
| 2006 | $31.81M | $0 | 0.0% |
| 2005 | $46.52M | $0 | 0.0% |
| 2004 | $17.69M | $0 | 0.0% |
| 2003 | $22.41M | $0 | 0.0% |
| 2002 | $6.31M | $0 | 0.0% |
| 2001 | $2.02M | $0 | 0.0% |
| 2000 | $6.79M | $0 | 0.0% |
| 1999 | $3.70M | $0 | 0.0% |
| 1998 | $2.30M | $0 | 0.0% |
| 1997 | ($0.10M) | $0 | N/A (Loss) |
| 1996 | $0.20M | $0 | 0.0% |
Formula: FCF Payout Ratio TTM = trailing 4Q dividends paid / trailing 4Q free cash flow × 100
FCF payout and earnings payout:
Reading the series: Use the chart and table to compare dividend payments with cash generation over time.
